Lemonade Announces Third Quarter 2022 Financial Results

Rhea-AI Summary

Lemonade, Inc. (NYSE: LMND) announced its upcoming release of Q3 2022 financial results, which will be available on its investor relations website. A conference call is scheduled for November 9, 2022, at 8:00 a.m. ET to discuss these results. The call will also be accessible via a live webcast and will include information on registration for participants. The company focuses on transforming the insurance industry through AI-driven solutions and offers various insurance products while promoting a social impact initiative through its Giveback program.

Positive

• Scheduled conference call on November 9, 2022, to discuss Q3 results.
• Innovative AI-driven insurance model aimed at rapid service delivery.
• Focus on social impact with the Giveback initiative.

Negative

• None.

NEW YORK--(BUSINESS WIRE)-- Lemonade, Inc. (NYSE: LMND) has released its third quarter 2022 financial results by posting them to its website. Please view the Q3 2022 financial results in the Letter to Shareholders on the company’s investor relations website.

On Wednesday, November 9, 2022, Lemonade will host a conference call at 8:00 a.m. Eastern time (5:00 a.m. Pacific time) to discuss the results.

To register for this conference call (Conference ID 10165840), please use this link. Registrants will receive confirmation with dial-in details. Registrants may also dial in, toll-free, at 1 844 200 6205 or internationally at +1 929 526 1599, access code 046337. The call can also be accessed via webcast, using this link.

A live webcast of the conference call will be available on the Lemonade Investor Relations website, investor.lemonade.com. Following the completion of the call, a replay will also be made available at investor.lemonade.com.

Source: Lemonade

About Lemonade

Lemonade offers renters, homeowners, car, pet, and life insurance. Powered by artificial intelligence and social impact, Lemonade’s full stack insurance carriers in the US and the EU replace brokers and bureaucracy with bots and machine learning, aiming for zero paperwork and instant everything. A Certified B-Corp, Lemonade gives unused premiums to nonprofits selected by its community, during its annual Giveback. Lemonade is currently available in the United States, Germany, the Netherlands, France, and the UK, and continues to expand globally.

Follow @lemonade_inc on Twitter for updates.

FORWARD LOOKING STATEMENTS

This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to, the following: Our history of losses and the fact that we may not achieve or maintain profitability in the future; our ability to retain and expand our customer base; the fact that the “Lemonade” brand may not become as widely known as incumbents’ brands or the brand may become tarnished; the denial of claims or our failure to accurately and timely pay claims; our ability to attain greater value from each user; the novelty of our business model and its unpredictable efficacy and susceptibility to unintended consequences; the possibility that we could be forced to modify or eliminate our Giveback, which could undermine our business model; the examinations and other targeted investigations by our primary and other state insurance regulators that could result in adverse examination findings and necessitate remedial actions; our limited operating history; our ability to manage our growth effectively; the impact of intense competition in the segments of the insurance industry in which we operate on our ability to attain or increase profitability; the unavailability of reinsurance at current levels and prices, which could limit our ability to write new business; our ability to renew reinsurance contracts on comparable duration and terms to those currently in effect; our exposure to counterparty risks as a result of reinsurance; the loss of personal customer information, damage to our reputation and brand, or harm to our business and operating results as a result of security incidents or real or perceived errors, failures or bugs in our systems, website or app; our actual or perceived failure to protect customer information and other data, respect customers’ privacy, or comply with data privacy and security laws and regulations; our ability to comply with extensive insurance industry regulations and the need to incur additional costs or devote additional resources to comply with changes to existing regulations; our exposure to additional regulatory requirements specific to other vertical markets that we enter or have entered, including auto, pet and life insurance, and the need to devote additional resources to comply with these regulations; the ability of Lemonade to successfully integrate Metromile’s operations, product lines and technology; the ability of Lemonade to implement its plans, forecasts and other expectations with respect to Metromile’s business and realize additional opportunities for growth and innovation; the ability of Lemonade to realize the anticipated synergies from the transaction in the anticipated amounts or within the anticipated timeframes or costs expectations or at all; the ability to maintain relationships with Lemonade’s and Metromile’s respective employees, customers, other business partners and governmental authorities; and the other risks, uncertainties and important factors contained and identified; and our inability to predict the lasting impacts of COVID-19 to our business in particular, and the global economy generally. These and other important factors are discussed under the caption “Risk Factors” in our Form 10-K filed with the SEC on March 1, 2022 and in our other filings with the SEC could cause actual results to differ materially from those indicated by the forward-looking statements made in this press release. Any such forward-looking statements represent management’s beliefs as of the date of this press release. While we may elect to update such forward-looking statements at some point in the future, we disclaim any obligation to do so, even if subsequent events cause our views to change.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221108006005/en/

Lisa Horton

lemonade@astrskpr.com

Source: Lemonade, Inc.

FAQ

What are the financial results for Lemonade (LMND) for Q3 2022?

Lemonade's Q3 2022 financial results will be available on their investor relations website ahead of the November 9 conference call.

When is Lemonade's conference call for Q3 2022 results?

The conference call is scheduled for November 9, 2022, at 8:00 a.m. Eastern Time.

How can I access the Q3 2022 results for Lemonade (LMND)?

The Q3 2022 results can be accessed through the Letter to Shareholders on Lemonade's investor relations website.

What is Lemonade's Giveback initiative?

Lemonade's Giveback initiative involves donating unused premiums to nonprofits selected by its community.